A meeting of URE Club members took place in July. At the event, the participants summed up the results of the first half of 2020 and provided their forecasts for the development of the real estate market.
Vitalii Boiko analyzed the retail real estate market:
As of the end of the 1st half of 2020, Ukraine was able to maintain financial stability, despite a short-term crisis, the economy in the country is recovering.
Vitalii talked about
- crisis (according to official statistics, turnover fell in April-May, the fall in April by 15.6% compared to last year was especially noticeable, which was the result of a total lockdown, restriction of trade and business. However, the level of decline compared to the winter indicators of 2019 year, not so big)
- exit (retail is recovering after a lockdown and already in June of this year, we see a slight increase. Unlike official statistics, retail turnover indicators are the same as last year. Official statistics and data from retailers indicate a positive trend)
- growth (a change in consumer behavior is marked by an increase in online shopping, an increase in the average check and a decrease in the frequency of purchases, consumers are concerned about their health and personal hygiene. Visually, visitors to the mall are not afraid to make purchases, and in the first days after the stores opened, sales increased, as a result, deferred demand and the need for socialization)